Bloomberg Report Shows Global Clean Energy Investment Hits Over $27 Billion in First Quarter of 2010

[Nathanael]

I wonder how much this will increase in Q2 as a result of the oil spill?


An April report from Bloomberg New Energy Finance shows global new investments in clean energy hit US$27.3 billion in the first quarter of 2010.

The EERE press release on Bloomberg's findings notes that in spite of world-wide economic turbulence, new investments in clean energy continue to improve -- and in impressive fashion.

$27.3 billion is a sharp increase from $20.8bn in the same period of last year, though down from $31.6bn in the 4th quarter of 2009.


Link: http://www.energyboom.com/emerging/bloomberg-report-shows-global-clean-energy-investment-hits-over-27-billion-first-quarter-2010

[kristopher]

1. Total spending in 09 was about $160 billion and estimate for 2010 is $200B.

From Pew Charitable Trust

Who’s Winning the Clean Energy Race?

Mar 24, 2010

The report, Who’s Winning the Clean Energy Race? (PDF), documents the dawning of a new worldwide industry—clean energy—which has experienced investment growth of 230 percent since 2005. Demonstrating its strength, the clean energy sector declined only 6.6 percent in 2009 despite the worst financial downturn in over half a century. In 2009, $162 billion was invested in clean energy around the world. Rebounding from a sharp downturn in the last quarter of 2008 and first quarter of 2009, clean energy investments in the G-20 averaged a robust $32 billion in each of the last three quarters of 2009. In an encouraging sign for the future, many governments prioritized clean energy within economic recovery funding, the bulk of which will reach innovators, businesses and installers in 2010 and 2011. Clean energy investments are forecast to grow by 25 percent to $200 billion in 2010....


Full report available for download at: http://www.pewtrusts.org/our_work_report_detail.aspx?id=57969&category=692